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Strategies & Market Trends : Option Spreads, Credit my Debit
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To: Jon Tara who wrote (974)10/17/1999 7:27:00 AM
From: jjs_ynot  Read Replies (2) of 2317
 
With regard to timing, the exit strategy will drive your timing and selection.

With this much time to go; it is very likely that you may have to close out your position between now and expiration. Thus you need to determine how you will exit under those conditions. I personally like to have the credit received be much larger that the combined bid/ask of both sides. If I need to exit; I don't want to make the Market Makers any richer than necessary.
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